Germany

Well, don't expect Germany to solve its economic problems anytime soon:

Germany's "grand coalition" government plans to concentrate on raising taxes and cutting the budget deficit of the world's third largest national economy, while mostly avoiding controversial overhauls of its labor market and welfare state -- a combination that could hurt Europe's already weak growth.

Germany's two major rival political parties are aiming to finalize their agreement on policies Friday or Saturday, allowing Angela Merkel to officially become chancellor of a bipartisan government later this month. As expected, the parties couldn't agree on major structural reforms proposed by Ms. Merkel, so there will be only tweaks.

These people are hopeless.